Today, Nifty & Bank Nifty opened the lower gap down. Then, after some consolidation, both again moved more down and ended the session in the red.
In Nifty, Bears have the upper hand until the Index is trading below 17300-450 zone. Then, on the downside, the 17000-16980 zone is the support.
The 36600-36400 is a crucial zone for the Bank Nifty. If the Index holds that zone on a closing basis, it can bounce back towards 37200/37900 levels. On the upside, the 37050-37200 zone is the resistance.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 17170 to move towards 17210/17260/17320/17390.
On the lower side, the Gann support level is 17080; below that Index can move towards 17040/16990/16930/16860.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 37050 to move towards 37200/37400/37650.
On the lower side, the Gann support level is 36700; below that Bank Nifty Index can move towards 36550/36350/36100.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
